COLUMBUS, Ind. — Elwood Staffing announced Monday that it has acquired BelFlex Staffing Network, a provider of commercial staffing and flexible workforce solutions headquartered in Cincinnati, Ohio.
This transaction complements the company’s national footprint, adding 26 branch locations in 19 new markets, primarily throughout the Midwest and Southeast. The addition of BelFlex continues the company’s aggressive inorganic growth strategy, marking its 20th lifetime acquisition.
BelFlex has been an industry champion in the light industrial commercial staffing space for 35 years, making its client and service portfolio an excellent match for Elwood Staffing. BelFlex will be a wholly owned subsidiary of Elwood Staffing operating under the BelFlex brand.
“It was important to us to find a successor who shared the culture and values that have made BelFlex successful since 1989,” shares Jason McCaw, CEO of BelFlex Staffing Network. “As a fellow family-owned business that shares the importance of putting relationships at the center of everything they do, we’re confident we have found that partner in Elwood Staffing.”
“The growth potential for Elwood and BelFlex is extremely exciting,” shares John Elwood, CEO of Elwood Staffing. “BelFlex will gain access to Elwood’s deep bench of support resources, and we will leverage one another’s footprints and expertise to expand client offerings and target new markets.”
With the completion of the transaction, the combined company’s geographic presence will expand to 215+ offices and 70+ vendor-on-premise locations, operating in 33 states.
Financial details of the transaction were not announced.
About Elwood Staffing
Founded in 1980, Elwood Staffing, a privately owned corporation, is a leading provider of talent-based solutions and actionable workforce intelligence. With offices that span the United States, a broad service portfolio, and a seasoned staff, we support companies through the entire employment life cycle—from attraction to retention. Elwood Staffing is currently ranked as the 10th largest industrial U.S. staffing firm by Staffing Industry Analysts.
Information on Elwood Staffing can be found at www.elwoodstaffing.com